Tag: Repsol

• Friday, May 23rd 2014 - 23:38 UTC

  Bye, bye Argentina: Spain's Repsol sells all assets and end operations in the country

  

  Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets. Last month the Argentine congress gave final approval to pay 5bn dollars in compensation for Repsol's stake in Argentine oil firm YPF.

• Friday, May 9th 2014 - 07:01 UTC

  Repsol/YPF 'marriage' definitively over; Spanish company ends 15-year presence in Argentina

  

  Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.

• Thursday, May 8th 2014 - 04:57 UTC

  Repsol sells YPF stake for 1.25bn dollars to Morgan Stanley; keeps 0.5% share

  

  Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.

• Saturday, May 3rd 2014 - 06:11 UTC

  Cristina's YPF curse: Brufau steps down as CEO of Repsol

  

  Repsol, the Spanish oil company, announced this week that its longstanding executive chairman, Antonio Brufau, would hand over the job of chief executive to Josu Jon Imaz San Miguel, who has been running the company’s upstream operations.

• Saturday, March 29th 2014 - 05:29 UTC

  Repsol infighting reveals disappointment with CEO Brufau

  

  Shareholders of Spain's Repsol approved the oil major's 5 billion dollars settlement with Argentina over the 2012 seizure of YPF at an annual meeting on Friday. The agreement had already been approved by the Argentine Congress and by the board of the Spanish company.

• Tuesday, February 25th 2014 - 20:43 UTC

  Repsol board approves the YPF compensation deal worked out with Argentina

  

  Spanish oil major Repsol's board approved on Tuesday in Madrid a definitive 5 billion dollars settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation.

• Saturday, February 22nd 2014 - 06:21 UTC

  YPF and Repsol are expected to sign a compensation deal next week

  

  Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.

• Saturday, February 15th 2014 - 05:50 UTC

  Spain's Repsol signs 1.2bn dollars financing deal with Venezuela's PDVSA

  

  Repsol signed a financing deal Friday with Venezuelan state oil company PDVSA that calls for the Spanish energy major to invest 1.2 billion dollars to boost the output of the companies' Petroquiriquire joint venture.

• Monday, December 2nd 2013 - 18:51 UTC

  Mexico confirms interest in joining YPF to develop of Vaca Muerta shale

  

  Mexico's government owned oil company Pemex is getting closer to an understanding with YPF after playing a crucial role in brokering a deal between Argentina and Spain regarding the April 2012 seizure from Repsol of a majority stake in YPF. Pemex apparently is interested in having a share at the Vaca Muerta oil and gas shale deposits in Patagonian Neuquén.

• Thursday, November 28th 2013 - 22:51 UTC

  Repsol contracts Deutsche Bank as advisor for the YPF compensation deal

  

  Repsol appointed Deutsche Bank AG to advise it on the compensation pre-settlement it reached with Argentina regarding the seizure of 51% of YPF in April 2012. The arrangement was negotiated in Buenos Aires this week by ministers from Argentina and Spain, Repsol executives, and representatives from the Spanish company’s two largest shareholders, Mexico's Petroleos Mexicanos, Pemex and Barcelona-based CaixaBank SA.